Listen to this episode below:
Jason originally qualified as a Chartered Surveyor and worked as a planning consultant on large commercial development projects. He joins us on this week’s property podcast to talk about how a hobby became a career.
He became a full time investor in 2000 and built his business rapidly to around 200 properties within 7 years. He also bought and sold more than 30 properties in that period. The credit crunch did prove very challenging but he successfully steered his business through that difficult time and still owns and manages a portfolio of nearly 200 properties which he is now expanding using creative financial strategies.
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Surviving the biggest recession in anyone’s living memory, thanks to his never say die attitude and hanging on to everything he could.
Jason we purchasing a commercial property with 4 residential flats at the peak of the property market, until the surveyors refused to value it at it’s true value of £1.1 million (instead insisting it was only worth what they were paying – £825,000). In the end he had to complete using expensive bridging and private finance which put a huge dent in their cashflow… but he was able to refinance 9 months later.